5 Stocks Receiving a Massive Vote of Approval From Wall Street Analysts

01. VTEX (NYSE:VTEX)

Price Reaction after the Upgrade: +0.73 (+10.72%)

On January 5, Morgan Stanley analyst Cesar Medina upgraded VTEX (NYSE:VTEX) from Equalweight to Overweight, indicating a positive shift in the e-commerce industry. Medina concurrently adjusted the price target to $8.00, a substantial increase from the previous $5.50. The current market price for VTEX (NYSE:VTEX) stands at $7.54, reflecting a significant uptick of +10.7% following the analyst’s upgrade. This strategic move by Cesar Medina underscores an optimistic perspective on VTEX (NYSE:VTEX) potential for growth and performance within the e-commerce sector.

Here is what ClearBridge Select Strategy has to say about VTEX  in its Q3 2021 investor letter:

“Also within the disruptors segment, we initiated a position in VTEX, an e-commerce and customer engagement software provider serving the higher end of the market in Latin America. VTEX enables large LatAm commerce companies and brands to establish an omnichannel selling presence and helps multinational brands such as Carrefour, L’Oreal, Motorola and Mondelez reach the LatAm market. VTEX expands the portfolio’s exposure to fastgrowing LatAm, supplementing existing holding MercadoLibre, which operates more as a marketplace in the region.”

You can also take a look at 12 Best Tech Stocks To Buy According to Billionaire Ken Griffin and 11 Cheap Pot Stocks to Buy.